OJK Intensifies Crackdown on Financial Fraud and Illegal Lending

Aggressive Measures Against Illegal Lending

The Financial Services Authority (OJK) has taken significant steps to combat financial fraud in Indonesia. Through its Task Force for Eradicating Illegal Financial Activities (Satgas Pasti), the OJK shut down 2,263 illegal lending platforms in 2025, marking a major crackdown on unregulated financial services ¹

. This action was part of a broader effort to protect consumers from predatory lending practices and maintain financial system stability.

Surge in Scam Reports and Account Suspensions

The OJK's Indonesia Anti-Scam Center (IASC) received 411,055 scam reports between November 2024 and December 2025, highlighting the growing scale of financial fraud in the country ⁵

. These reports led to the identification and blocking of 127,047 suspicious accounts, with total reported losses amounting to Rp9 trillion. The OJK's swift action resulted in the blocking of Rp402.5 billion worth of funds associated with these fraudulent activities.

Regulatory Actions Against Non-Compliant Institutions

In addition to tackling illegal lending and scams, the OJK has been actively enforcing regulatory compliance among financial institutions. During 2025, the authority issued 175 written warnings to 144 financial institutions for various violations, including improper consumer protection practices ⁷

. The OJK also imposed administrative sanctions on multiple institutions, demonstrating its commitment to maintaining a secure financial environment.

Enhanced Monitoring and Supervision

The OJK has intensified its monitoring of financial services providers, particularly those involved in lending activities. The authority has been closely supervising PT Akseleran Keuangan Inklusif Indonesia (Akseleran), a lending platform facing financial difficulties, including a default rate of 63.65% as of July 2025 ⁴

. The OJK's enhanced supervision includes reviewing governance, risk management, and borrower-lender rights.

New Regulations to Strengthen Financial Sector

The OJK has introduced new regulations to fortify the financial sector. A key development is the issuance of OJK Regulation No. 33/2025, which enhances the assessment of financial health for insurance companies, guarantee institutions, and pension funds ³

. Additionally, the OJK has set new guidelines for fintech lending, including a debt-to-income ratio cap of 30% for borrowers starting from 2026 ²

Source 2

https://keuangan.kontan.co.id/news/batas-pinjam-cuma-30-gaji-hati-hati-pengajuan-pinjol-ditolak

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Inter-Agency Collaboration

The OJK has been working closely with other government agencies to combat financial crimes. In a coordinated effort to eliminate online gambling, the OJK requested banks to block 31,382 suspicious accounts identified by the Ministry of Communication and Digital Affairs ⁶

. This inter-agency collaboration underscores the government's comprehensive approach to addressing financial crimes and protecting consumers.